Atlantic City Casinos Bounce Back in June, Retail Win Totals $241M
Atlantic City casinos in June enjoyed a strong start up to the busy summertime season, as the niner brick-and-mortar properties combined to win more than $241.5 million.
The June win represents a 5% advance on June 2022 when the same IX casinos won most $229.1 million. June also represented a 6% increase from May.
Slot machines accounted for nearly $183 one thousand thousand of the June win — a 7% year-over-year improvement. Table mettlesome win was upwardly nearly 1% to $58.5 million.
Borgata henpecked the retail market with gross gaming revenue (GGR) of $60.5 million. The MGM Resorts property experienced a nearly 12% year-over-year surge. Hard Rock was a distant arcsecond at $43.3 billion — a 3% go down from June 2022.
June GGR
- Borgata — $60.5M
- Hard Rock — $43.3M
- Ocean — $34.9M
- Caesars — $21.4M
- Tropicana — $21M
- Harrah’s — $20.9M
- Resorts — $15.2M
- Golden Nugget — $11.8M
- Bally’s — $12.4M
Widespread Gains
The in-person GGR increase inwards June complemented iGaming’s continued growth.
Revenue from online slot machines, tabularize games, and fire hook rake totaled $149.3 million. That represents a 12% increase, or most $16.1 million, from June 2022 for the net gaming platforms.
Oddsmakers also fared considerably in June, as sportsbooks won to a greater extent than $66.3 1000000 sour bettors — a 69% year-over-year jump. Books won over 11% of the $591 million wagered. Sports betting operates online and in-person at the Atlantic Ocean City casinos and at the state’s trio raceway sportsbooks.
June GGR from all verticals totaled more than $457.2 1000000 — a 14% year-over-year improvement. The cart is the highest for any June inwards 11 years, and statewide gaming win exceeded $400 1000000 for the 4th consecutive month.
James Plousis, chair of the New Jersey Casino Control Commission, said the industry is kickoff to regain quislingism between online and in the flesh(p) operations. He believes Atlantic City casinos are also successfully diversifying the resort townsfolk to land inwards new visitors.
Atlantic City’s casino hotels are building synergism 'tween online and traditional gaming past providing customers the opportunity to bask the diverse experiences of a terminus resort,” Plousis said. “Gains inwards all terzetto reported areas — casino win, internet gaming win, and sports wagering revenue — demonstrate that online and traditional gaming are a winning combination.”
Strong First Half
Through half a dozen months of 2023, brick-and-mortar cassino win was to a greater extent than $1.35 billion. That’s roughly $45.5 one thousand thousand more than what the ennead casinos had won at this time in conclusion year.
iGaming continues to closemouthed inward on legacy gaming. Online casinos won $930.8 1000000 cancelled net players from January through June. That represents a 14% mount from last-place year.
Oddsmakers are having an exceptionally warm year, as the $440.8 billion won away bettors represents a 43% year-over-year surge. Garden State oddsmakers feature taken more than $5.1 billion in bets this year.
New island of Jersey sportsbooks have benefited this year from the City of Brotherly Love Eagles reaching the Super Bowl inwards February — and losing — and the City of Brotherly Love 76ers losing inwards heptad games to the Boston Celtics inwards the NBA Playoffs on the Eastern Conference Semifinals.
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